Tag: Argentina Central Bank

• Saturday, August 18th 2012 - 02:37 UTC

  In nine years of “Kirchner era” Argentina honoured 32 billion dollars in debts

  

  Argentina’s Central bank confirmed that during the “Kirchner era” the country paid 32 billion dollars in pending debts, “the centre piece of the policy to recover sovereignty by cutting indebtedness” and praised the decision to appeal to the bank’s international reserves to support such a policy.

• Thursday, August 2nd 2012 - 07:26 UTC

  Argentina admits slower economy; blames global crisis, drought and Brazil’s low growth

  

  Argentina acknowledged the slowing down of the economy as the result of the global crisis, prolonged drought and a lesser growth rate from Brazil, according to a report from the Central Bank released this week.

• Tuesday, July 17th 2012 - 04:42 UTC

  As the dollar clamp tightens in Argentina, the greenback traded at 6.31 Pesos

  

  The US dollar in Argentina soared on Monday and was trading in the “blue” or parallel market at 6.31 Pesos considerable higher than last Friday. The official rate climbed a modest half cent to 4.53 and 4.575 Pesos.

• Saturday, July 7th 2012 - 00:58 UTC

  Argentina to pay maturing debts in third quarter with central bank reserves

  

  The Argentine central bank will affect 4.165 billion dollars from the bank’s freely available reserves to honour government debt maturing in the third quarter, it was officially announced.

• Saturday, July 7th 2012 - 00:35 UTC

  Argentine central bank announces “pesification” of real estate operations

  

  Following the official new curbs on US dollar purchasing for savers, the head of the Argentine Central Bank Mercedes Marcó del Pont came on stage to defend the measure and anticipate that operations in the real estate market will have to be done in Argentine Pesos.

• Thursday, July 5th 2012 - 22:30 UTC

  Argentina further tightens “dollar clamp”, bans all greenback’ purchases for savings

  

  The Argentine Central Bank announced on Thursday it will officially ban the purchase of dollars for savings, the latest in a series of measures to discourage the buying of greenbacks.

• Wednesday, May 16th 2012 - 03:17 UTC

  US dollar in Argentina’s ‘blue’ (parallel) market soars 5% on Tuesday

  

  The US dollar in Argentina’s parallel market soared on Tuesday as strong unsatisfied demand moved to the so called ‘blue’ market as a result of the increasing controls for the purchase of the greenback.

• Saturday, March 3rd 2012 - 04:47 UTC

  Cristina Fernandez preparing legal framework to ‘raid’ Central bank reserves

  

  Argentine President Cristina Fernandez sent a bill to Congress on Thursday aimed at helping the government tap more central bank reserves to help repay foreign debt and defend the country's currency.

• Monday, January 2nd 2012 - 06:15 UTC

  Argentine central bank confirms (unorthodox) growth policies for 2012

  

  Argentina's economy should expand by 4.5% to 7.5% in 2012 according to the Central bank that also warned about the threat of the consequences of the Euro crisis. The bank’s latest approved monetary program states that the policies that have helped Argentina's economy boom over the last nine years will remain largely in place.

• Thursday, December 8th 2011 - 06:44 UTC

  Argentine central bank confirms pro-active policies and competitive Peso

  

  Argentine Central Bank Governor Mercedes Marcó del Pont assured on Wednesday that the flight of dollar deposits from the local financial system has slowed down and highlighted the fact that Government’s policy of regulated exchange rate has given “certainty” to savers and investors. She also forecasted 6% growth next year for the Argentine economy.